Self Storage Group, Inc Stock Forecast

Red day on Friday for Self Storage Group, Inc stock after losing 1.34%
(Updated on May 10, 2024)

SELF Signals & Forecast

The Self Storage Group, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $4.78 and $4.39. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Monday, September 11, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Self Storage Group, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.32 and $4.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Self Storage Group, Inc finds support just below today's level at $4.32. If this is broken, then the next support from accumulated volume will be at $4.31 and $4.22.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.210 between high and low, or 4.17%. For the last week the stock has had daily average volatility of 7.99%.

Our recommended stop-loss: $4.91 (-4.65%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (SELF) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Self Storage Group, Inc to open at $5.14, and during the day (based on 14 day Average True Range), to move between $4.95 and $5.35, which gives a possible trading interval of +/-$0.201 (+/-3.90%) up or down from last closing price. If Self Storage Group, Inc takes out the full calculated possible swing range there will be an estimated 7.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.22 (1.36%) than the support at $4.32 (16.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Self Storage Group, Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Self Storage Group, Inc stock to perform well in the short-term.

Current score: 2.216 Buy Candidate Unchanged

Predicted Opening Price for Self Storage Group, Inc of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.